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On November 9, 2023, Chartwell Retirement Residences announced a reconfiguration of their joint venture with Welltower Inc., exchanging interests in various properties and a cash transaction of $97.2 million. Chartwell will acquire complete ownership of 16 assets and relinquish 23 properties to Welltower. This strategic adjustment aligns with their growth focus, enhancing Chartwell’s financial flexibility and asset management.
Parties
Company
Chartwell Retirement Residences
Company
Welltower Inc.
Deal Type
Joint VentureIndustry
OtherTransaction
$ 97,200,000Deal Status
ClosedClosing Date
03 February 2025